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borrowed and spent all the program surplus revenues from years past, which by law congress now has to pay back. adding to the deficit. >> the money came in. congress spent it. look here, we have money to spend. let's go ahead and spend it up. there it went. it's gone. >> social security now needs to start getting the money back again adds to the deficit. just this year alone, the social security trustees' report that "in 2012, the projected difference between social security's dedicated tax income and expenditures is $165 billion." part of the $165 billion added to the deficit, $112 billion of it is a result of the payroll tax cut that president obama pushed through, which by law congress also had to restore to the trust fund. all points republicans emphasize in the current talks. >> why in the world would they want to talk about the fact that vital program started spending out more than it took in, in 2010, for the first time in 30 years? >> shortal in social security eventually reaches hundreds of billions a year. but some changes now would help reducing the benefits for the wealthy or
the judicial review. that ignited street credits there. >> we have to share everything on the table laws. for stable laws and separation of powers. the matters should be independent and will take tim time. >> they stress the faith of each constitution will be decided by the egyptian people. >> it will be up to them whether they need their standard. have a chance to make it clear. >> it's a question whether the move will be enough for the opposition. they have come out in force for seven nights. your will see likely protests in short-term on friday by those wanting to drive the president out of office. the size of the protest will give the first you indication of where they stand. >> thanks. united nations upgraded status on the world assembly to take a step toward recognition and ignoring u.s. opposition. eric shawn has that story tonight. >> in washington, bipartisan group of senators are threatening to cut funding if they use the status to punish israel. >> two states, one jewish and one arab. >> the jewish territory created israel. but for three palestinians palestinians rejected that
angle reports a major bottleneck that could send the healthcare law to the supreme court. >> that have states have been reluctant how to comply with the healthcare law. 17 flatly rejected the idea of a state run exchange. >> it is a federal law. so we will let the federal government do their thing. do what they'll do in oklahoma. >> it's not politics. it's the and the question of state control over an issue that is important to citizens of the states. >> given a skeptical opinion poll, the governors have little indication to say no. >> it's not political for a lot of governors to say you know what? this is an untested program. it's legitimate option for me to let the government run it. >> some say in the chaos of writing or pass obamacare they did not provide money for washington to implement exchanges itself or give out federal taxpayer subsidies in them. >> if the state doesn't have a state exchange and they have a exchange there may not be subsidy. >> if they run exchanges in lot of states they will need a new appropriation. it will need money. that will come from the house of repre
a 60-day notice of potential layoffs to workers required by law. >> for to us have gone this long a period of time, without making any preparations for it, i think is a gross disservice to the american people. >> for months the pentagon officials have been speaking descriptively about the impact of the cuts. >> face the prospect of budget sequestration. that would be devastating to national security. >> more detailed look comes from the economiststein fuller at george mason university. he finds that a $45.1 million reduction of purchase of military equipment at research and development alone would reduce gdp by $86.5 billion and result in loss of 1 1,600,000 00 across all sector of the economy impacting every state and representing decline of personal income. but those numbers represent a small fraction of proposed defense cuts. d.o.d. would absorb $55 billion in cuts every year through 2021. long-held doctrine of maintaining force capable of fighting two wars would be strained. with the obama administration, shift to asia, as a new focus on the u.s. operations. >> it would requir
of islamic law as a source for many legislation. it places some constraint on the presidential power. limiting the president to two four-year terms and it provides for civilian oversight of the military. president morsi has vowed to give up the powers he assumed last week the started the protest, as soon as the constitution is ratified. he has 15 days to give it to referendum. >> this is critical until they draft the constitution and it goes to people to decide. >> opposition leaders are vowing to sleep in the square until morsi denounces his decree. >> despite the protests. egypt president has the broad public backing and members of the political party from the muslim brotherhood hold demonstrations in support of the president on saturday. bret? >> bret: steve harrigan live saturday in cairo. thanks. another day without internet and telephone service with people in war torn syria. they show the government war plane firing rockets on homs this week. video of spoke rising from the bomb strikes in other towns. north korea may be preparing for a rocket launch. sections are strucked in t
on the practice, we stepped in to challenge it and try to bring it under the law. >> epa is one of dozens of federal entities that issues regulation and rules each day. measures that often go in to effect before those who will be impacted even know they are under consideration. that is something the regulatory flexibility act was designed to prevent. it requires the current administration to issue reports in both april and october, identifying the proposed rules likely to have significant economic impact, something the obama administration hasn't done in more than a year. >> coincidently it happened with an election year. we are concerned that will become the new normal. during election years, all of a sudden, the regulatory information, regulatory transparency goes by the wayside. >> we reached out the the white house about the missed deadlines in april and october. and we are awaiting their response. bret? >> bret: shannon, thank you. later, who benefits if we do jump off the fiscal cliff. up next, are we on a crash course in egypt? this holiday, share everything. share "not even close.
Search Results 0 to 5 of about 6